Advanced Micro Devices (AMD) Price Target Raised by $110 Following Strong Q1

Advanced Micro Devices, Inc. (NYSE:AMD) is included among the 10 Best US Stocks to Invest in According to Billionaires.

Advanced Micro Devices (AMD) Price Target Raised by $110 Following Strong Q1

Advanced Micro Devices, Inc. (NYSE:AMD) operates as a semiconductor company internationally. It operates in three segments: Data Center, Client and Gaming, and Embedded.

On May 7, Citi significantly raised its price target on Advanced Micro Devices, Inc. (NYSE:AMD) from $248 to $358, but kept its ‘Neutral’ rating on the shares. The boosted target still indicates a downside of 20% from the current price levels.

Advanced Micro Devices, Inc. (NYSE:AMD) posted strong results for its Q1 2026 on May 5. The company exceeded estimates in both profits and revenue, supported by the keen demand for its data-center chips as cloud-computing companies accelerate spending ‌on AI infrastructure. AMD’s data Center revenue grew by 57% YoY to almost $5.8 billion, aided by its MI-series AI accelerators and its Instinct and EPYC processors.

Advanced Micro Devices, Inc. (NYSE:AMD) is targeting a Q2 revenue of approximately $11.2 billion, plus or minus $300 million, with adjusted gross margins of about 56%. The company also expects its server CPU revenue to grow by more than 70% YoY in the second quarter.

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